Rohit Chopra Out, Scott Bessent In (Temporarily) at the CFPB
In a familiar move, President Donald Trump has designated the current head of another executive agency, this time newly sworn in Secretary of the Department of the Treasury Scott Bessent to simultaneously lead the Consumer Financial Protection Bureau (CFPB) in an acting capacity.
But the agency has since been targeted by trade groups who unsuccessfully argued that the CFPB's funding violated the U.S.
CFPB staff was told to refrain from issuing public communications, halt activities including rules and settlements and ...
Staff at the Consumer Financial Protection Bureau were instructed by email to cease much of their work. Bessent, a wealthy ...
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